Game music has come along alot since the 80s. Since that time of bleeps and bloops more and more jobs have been created in the game music industry. Now these days we have orcastras and highly respected conducters such as Koji Kondo do compose or re-compose our video game music.
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some examples of our progress are:

Theme of Hyrule from the legend of zelda: http://www.youtube.com/watch?v=cDDdaD8Kwpk
Theme of Super Mario Bros.: http://www.youtube.com/watch?v=6W3-5q-Pv98
Theme from Tetris: http://www.youtube.com/watch?v=tapzwyMgziE

More and more people are finding work by going into video game music. Video games are a part of the world that has some of the most promise in the future. As video games evolve, the music for them will evolve as well to keep up with this growing genre.

Not only are composers working on music for games. bands such as system of a down work on ways to promote the music of games

system of a down's zelda tribute: http://www.youtube.com/watch?v=EN5eKTcvfg8

Every year, Play! a video game symphony gets together to play orcastral versions of well respected games.

So as video games get greater, the music will grow as well creating new jobs.